{"id":2539,"date":"2023-06-10T16:02:45","date_gmt":"2023-06-10T12:32:45","guid":{"rendered":"https:\/\/econclinic.com\/mag\/high-frequency-trading\/"},"modified":"2023-06-10T16:02:45","modified_gmt":"2023-06-10T12:32:45","slug":"high-frequency-trading","status":"publish","type":"post","link":"https:\/\/econclinic.com\/mag\/encyclopedia\/high-frequency-trading\/","title":{"rendered":"\u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0641\u0631\u06a9\u0627\u0646\u0633 \u0628\u0627\u0644\u0627 (HFT) \u0686\u06cc\u0633\u062a\u061f"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><style id=\"econ-card-tokens\" data-no-optimize=\"1\">:root{--ec-navy:#0a0830;--ec-gold:#ccb070;--ec-ink:#3a3a44;--ec-card-bg:rgba(10,8,48,.03);--ec-card-line:rgba(10,8,48,.12);--ec-card-radius:14px;--ec-card-pad:16px 20px;--ec-card-gap:26px;--ec-accent:4px;--ec-h:17px;--ec-h-lh:1.6;--ec-text:14.5px;--ec-text-lh:1.7}@media (max-width:520px){:root{--ec-card-pad:14px 16px;--ec-card-gap:20px}}.econ-toc,.econ-src,.econ-credits,.econ-more{margin:var(--ec-card-gap) 0;padding:var(--ec-card-pad);border-radius:var(--ec-card-radius);border:1px solid var(--ec-card-line);background:var(--ec-card-bg);border-inline-start:var(--ec-accent) solid var(--ec-gold)}.econ-toc .econ-toc__h,.econ-src .econ-src__h,.econ-credits .econ-credits__h,.econ-more .econ-more__h{margin:0 0 10px;font-size:var(--ec-h);font-weight:700;color:var(--ec-navy);line-height:var(--ec-h-lh);text-align:right;text-align-last:auto;padding:0;border:0;letter-spacing:0;opacity:1;text-transform:none}.econ-toc .econ-toc__list,.econ-src .econ-src__list,.econ-cr__bio,.econ-more .econ-more__list{font-size:var(--ec-text);line-height:var(--ec-text-lh)}<\/style><style id=\"econ-toc-css\" data-no-optimize=\"1\">.econ-toc .econ-toc__list{margin:0;padding-inline-start:20px}.econ-toc .econ-toc__list li{margin:0 0 2px}.econ-toc .econ-toc__sub{list-style:none;font-size:.94em;opacity:.85;padding-inline-start:14px}.econ-toc .econ-toc__sub::before{content:\"\u2014\";margin-inline-end:6px;opacity:.5}.econ-toc .econ-toc__list a{color:var(--ec-navy);text-decoration:none;border-bottom:1px solid transparent;box-shadow:none}.econ-toc .econ-toc__list a:hover,.econ-toc .econ-toc__list a:focus{color:var(--ec-navy);text-decoration:none;border-bottom-color:var(--ec-gold)}<\/style><nav class=\"econ-toc\" aria-labelledby=\"econ-toc-h\"><h2 id=\"econ-toc-h\" class=\"econ-toc__h\">\u0641\u0647\u0631\u0633\u062a \u0645\u0637\u0627\u0644\u0628<\/h2><ol class=\"econ-toc__list\"><li><a href=\"#%d9%85%d8%b9%d8%a7%d9%85%d9%84%d8%a7%d8%aa-%d9%81%d8%b1%da%a9%d8%a7%d9%86%d8%b3-%d8%a8%d8%a7%d9%84%d8%a7-hft-%d9%86%d8%ad%d9%88%d9%87-%da%a9%d8%a7%d8%b1%da%a9%d8%b1%d8%af-%d9%88-%d9%85%d8%ab%d8%a7\">\u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0641\u0631\u06a9\u0627\u0646\u0633 \u0628\u0627\u0644\u0627 (HFT): \u0646\u062d\u0648\u0647 \u06a9\u0627\u0631\u06a9\u0631\u062f \u0648 \u0645\u062b\u0627\u0644<\/a><\/li><li><a href=\"#%d8%af%d8%b1%da%a9-%d9%85%d9%81%d9%87%d9%88%d9%85-%d9%85%d8%b9%d8%a7%d9%85%d9%84%d8%a7%d8%aa-%d8%a8%d8%b3%d8%a7%d9%85%d8%af-%d8%a8%d8%a7%d9%84%d8%a7\">\u062f\u0631\u06a9 \u0645\u0641\u0647\u0648\u0645 \u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0628\u0633\u0627\u0645\u062f \u0628\u0627\u0644\u0627<\/a><\/li><li><a href=\"#%d9%85%d8%b2%d8%a7%db%8c%d8%a7%db%8c-%d9%85%d8%b9%d8%a7%d9%85%d9%84%d8%a7%d8%aa-%d9%81%d8%b1%da%a9%d8%a7%d9%86%d8%b3-%d8%a8%d8%a7%d9%84%d8%a7-hft\">\u0645\u0632\u0627\u06cc\u0627\u06cc \u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0641\u0631\u06a9\u0627\u0646\u0633 \u0628\u0627\u0644\u0627 (HFT)<\/a><\/li><li><a href=\"#%d8%af%d9%84%d8%a7%db%8c%d9%84-%d8%b1%d9%88%d8%a7%d8%ac-%d9%85%d8%b9%d8%a7%d9%85%d9%84%d8%a7%d8%aa-%d9%81%d8%b1%da%a9%d8%a7%d9%86%d8%b3-%d8%a8%d8%a7%d9%84%d8%a7\">\u062f\u0644\u0627\u06cc\u0644 \u0631\u0648\u0627\u062c \u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0641\u0631\u06a9\u0627\u0646\u0633 \u0628\u0627\u0644\u0627<\/a><\/li><li><a href=\"#%d9%86%d9%82%d8%af-hft\">\u0646\u0642\u062f HFT<\/a><\/li><li><a href=\"#%d8%b3%d9%88%d8%a7%d9%84%d8%a7%d8%aa-%d9%85%d8%aa%d8%af%d8%a7%d9%88%d9%84-%d8%af%d8%b1%d8%a8%d8%a7%d8%b1%d9%87-%d9%85%d8%b9%d8%a7%d9%85%d9%84%d8%a7%d8%aa-%d9%81%d8%b1%da%a9%d8%a7%d9%86%d8%b3-%d8%a8\">\u0633\u0648\u0627\u0644\u0627\u062a \u0645\u062a\u062f\u0627\u0648\u0644 \u062f\u0631\u0628\u0627\u0631\u0647 \u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0641\u0631\u06a9\u0627\u0646\u0633 \u0628\u0627\u0644\u0627<\/a><\/li><li class=\"econ-toc__sub\"><a href=\"#%d9%85%d8%b9%d8%a7%d9%85%d9%84%d8%a7%d8%aa-%d9%81%d8%b1%da%a9%d8%a7%d9%86%d8%b3-%d8%a8%d8%a7%d9%84%d8%a7-%db%8c%d8%a7-hft-%da%86%db%8c%d8%b3%d8%aa%d8%9f\">\u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0641\u0631\u06a9\u0627\u0646\u0633 \u0628\u0627\u0644\u0627 \u06cc\u0627 HFT \u0686\u06cc\u0633\u062a\u061f<\/a><\/li><li class=\"econ-toc__sub\"><a href=\"#%d9%85%d8%b9%d8%a7%d9%85%d9%84%d8%a7%d8%aa-%d9%81%d8%b1%da%a9%d8%a7%d9%86%d8%b3-%d8%a8%d8%a7%d9%84%d8%a7-%da%a9%db%8c-%d9%85%d8%ad%d8%a8%d9%88%d8%a8-%d8%b4%d8%af%d8%9f\">\u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0641\u0631\u06a9\u0627\u0646\u0633 \u0628\u0627\u0644\u0627 \u06a9\u06cc \u0645\u062d\u0628\u0648\u0628 \u0634\u062f\u061f<\/a><\/li><li class=\"econ-toc__sub\"><a href=\"#%d9%85%d8%b2%db%8c%d8%aa-%d9%85%d8%b9%d8%a7%d9%85%d9%84%d8%a7%d8%aa-%d9%81%d8%b1%da%a9%d8%a7%d9%86%d8%b3-%d8%a8%d8%a7%d9%84%d8%a7-%db%8c%d8%a7-hft-%da%86%db%8c%d8%b3%d8%aa%d8%9f\">\u0645\u0632\u06cc\u062a \u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0641\u0631\u06a9\u0627\u0646\u0633 \u0628\u0627\u0644\u0627 \u06cc\u0627 HFT \u0686\u06cc\u0633\u062a\u061f<\/a><\/li><li class=\"econ-toc__sub\"><a href=\"#%da%86%d9%87-%d9%86%d9%82%d8%af%db%8c-%d8%a8%d9%87-%d9%85%d8%b9%d8%a7%d9%85%d9%84%d8%a7%d8%aa-%d9%81%d8%b1%da%a9%d8%a7%d9%86%d8%b3-%d8%a8%d8%a7%d9%84%d8%a7-%d9%88%d8%a7%d8%b1%d8%af-%d9%85%db%8c-%d8%b4\">\u0686\u0647 \u0646\u0642\u062f\u06cc \u0628\u0647 \u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0641\u0631\u06a9\u0627\u0646\u0633 \u0628\u0627\u0644\u0627 \u0648\u0627\u0631\u062f \u0645\u06cc \u0634\u0648\u062f\u061f<\/a><\/li><li class=\"econ-toc__sub\"><a href=\"#%d9%85%d8%b9%d8%a7%d9%85%d9%84%d8%a7%d8%aa-%d9%81%d8%b1%da%a9%d8%a7%d9%86%d8%b3-%d8%a8%d8%a7%d9%84%d8%a7-%db%8c%d8%a7-hft-%da%86%db%8c%d8%b3%d8%aa%d8%9f-1\">\u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0641\u0631\u06a9\u0627\u0646\u0633 \u0628\u0627\u0644\u0627 \u06cc\u0627 HFT \u0686\u06cc\u0633\u062a\u061f<\/a><\/li><li class=\"econ-toc__sub\"><a href=\"#%d9%85%d8%b9%d8%a7%d9%85%d9%84%d8%a7%d8%aa-%d9%81%d8%b1%da%a9%d8%a7%d9%86%d8%b3-%d8%a8%d8%a7%d9%84%d8%a7-%da%a9%db%8c-%d9%85%d8%ad%d8%a8%d9%88%d8%a8-%d8%b4%d8%af%d8%9f-1\">\u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0641\u0631\u06a9\u0627\u0646\u0633 \u0628\u0627\u0644\u0627 \u06a9\u06cc \u0645\u062d\u0628\u0648\u0628 \u0634\u062f\u061f<\/a><\/li><li class=\"econ-toc__sub\"><a href=\"#%d9%85%d8%b2%db%8c%d8%aa-%d9%85%d8%b9%d8%a7%d9%85%d9%84%d8%a7%d8%aa-%d9%81%d8%b1%da%a9%d8%a7%d9%86%d8%b3-%d8%a8%d8%a7%d9%84%d8%a7-%db%8c%d8%a7-hft-%da%86%db%8c%d8%b3%d8%aa%d8%9f-1\">\u0645\u0632\u06cc\u062a \u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0641\u0631\u06a9\u0627\u0646\u0633 \u0628\u0627\u0644\u0627 \u06cc\u0627 HFT \u0686\u06cc\u0633\u062a\u061f<\/a><\/li><li class=\"econ-toc__sub\"><a href=\"#%da%86%d9%87-%d9%86%d9%82%d8%af%db%8c-%d8%a8%d9%87-%d9%85%d8%b9%d8%a7%d9%85%d9%84%d8%a7%d8%aa-%d9%81%d8%b1%da%a9%d8%a7%d9%86%d8%b3-%d8%a8%d8%a7%d9%84%d8%a7-%d9%88%d8%a7%d8%b1%d8%af-%d9%85%db%8c-%d8%b4-1\">\u0686\u0647 \u0646\u0642\u062f\u06cc \u0628\u0647 \u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0641\u0631\u06a9\u0627\u0646\u0633 \u0628\u0627\u0644\u0627 \u0648\u0627\u0631\u062f \u0645\u06cc \u0634\u0648\u062f\u061f<\/a><\/li><\/ol><\/nav>\n\n\n\n<h2 class=\"wp-block-heading\">\u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0641\u0631\u06a9\u0627\u0646\u0633 \u0628\u0627\u0644\u0627 (HFT): \u0646\u062d\u0648\u0647 \u06a9\u0627\u0631\u06a9\u0631\u062f \u0648 \u0645\u062b\u0627\u0644<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">25 \u0622\u06af\u0648\u0633\u062a 2021<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>\u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0641\u0631\u06a9\u0627\u0646\u0633 \u0628\u0627\u0644\u0627 (HFT) \u0686\u06cc\u0633\u062a\u061f<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0641\u0631\u06a9\u0627\u0646\u0633 \u0628\u0627\u0644\u0627 (<b>High-Frequency Trading<\/b>) <span style=\"color: #3366ff\"><a style=\"color: #3366ff;font-size: 14px\" href=\"#_ftn1\" name=\"_ftnref1\"><sup>[1]<\/sup><\/a><\/span> \u06a9\u0647 \u0628\u0647 \u0639\u0646\u0648\u0627\u0646 HFT \u0646\u06cc\u0632 \u0634\u0646\u0627\u062e\u062a\u0647 \u0645\u06cc\u200c\u0634\u0648\u062f\u060c \u06cc\u06a9 \u0631\u0648\u0634 \u0645\u0639\u0627\u0645\u0644\u0627\u062a\u06cc \u0627\u0633\u062a \u06a9\u0647 \u0627\u0632 \u06cc\u06a9 \u0646\u0631\u0645 \u0627\u0641\u0632\u0627\u0631 \u06a9\u0627\u0645\u067e\u06cc\u0648\u062a\u0631\u06cc \u0642\u062f\u0631\u062a\u0645\u0646\u062f \u0628\u0631\u0627\u06cc \u0627\u0646\u062c\u0627\u0645 \u062a\u0639\u062f\u0627\u062f \u0632\u06cc\u0627\u062f\u06cc \u0627\u0632 \u0633\u0641\u0627\u0631\u0634\u200c\u0647\u0627 \u062f\u0631 \u06a9\u0633\u0631\u06cc \u0627\u0632 \u062b\u0627\u0646\u06cc\u0647\u060c \u0627\u0633\u062a\u0641\u0627\u062f\u0647 \u0645\u06cc\u200c\u06a9\u0646\u062f.<br>\u0628\u0647 \u0628\u06cc\u0627\u0646 \u062f\u06cc\u06af\u0631 \u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0641\u0631\u06a9\u0627\u0646\u0633 \u0628\u0627\u0644\u0627 \u06cc\u0627 HFT \u06cc\u06a9 <b>\u067e\u0644\u062a\u0641\u0631\u0645 \u0645\u0639\u0627\u0645\u0644\u0627\u062a\u06cc \u062e\u0648\u062f\u06a9\u0627\u0631<\/b> \u0627\u0633\u062a \u06a9\u0647 \u0627\u0632 \u0633\u0648\u06cc \u0634\u0631\u06a9\u062a\u200c\u0647\u0627\u06cc <b>\u062a\u0623\u0645\u06cc\u0646 \u0633\u0631\u0645\u0627\u06cc\u0647<\/b>\u060c <b>\u0635\u0646\u062f\u0648\u0642\u200c\u0647\u0627\u06cc \u067e\u0648\u0634\u0634 \u0631\u06cc\u0633\u06a9<\/b> (Hedge Funds) \u0648 <b>\u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u0627\u0646 \u0646\u0647\u0627\u062f\u06cc<\/b> (Institutional Investors) \u0628\u0647 \u06a9\u0627\u0631 \u06af\u0631\u0641\u062a\u0647 \u0645\u06cc\u200c\u0634\u0648\u062f. \u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0628\u0633\u0627\u0645\u062f \u0628\u0627\u0644\u0627 \u0627\u0632 \u06a9\u0627\u0645\u067e\u06cc\u0648\u062a\u0631\u0647\u0627\u06cc \u0642\u062f\u0631\u062a\u0645\u0646\u062f \u0628\u0631\u0627\u06cc \u0627\u0646\u062c\u0627\u0645 \u062a\u0639\u062f\u0627\u062f \u0632\u06cc\u0627\u062f\u06cc \u0627\u0632 \u0633\u0641\u0627\u0631\u0634\u200c\u0647\u0627 \u062f\u0631 \u0633\u0631\u0639\u062a\u200c\u0647\u0627\u06cc \u0628\u0633\u06cc\u0627\u0631 \u0628\u0627\u0644\u0627 \u0627\u0633\u062a\u0641\u0627\u062f\u0647 \u0645\u06cc\u200c\u06a9\u0646\u0646\u062f.<br>\u0627\u06cc\u0646 \u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0627\u0632 <b>\u0627\u0644\u06af\u0648\u0631\u06cc\u062a\u0645\u200c\u0647\u0627\u06cc \u067e\u06cc\u0686\u06cc\u062f\u0647 <\/b>\u0628\u0631\u0627\u06cc \u062a\u062d\u0644\u06cc\u0644 \u0628\u0627\u0632\u0627\u0631\u0647\u0627\u06cc \u0645\u062a\u0639\u062f\u062f \u0648 \u0627\u062c\u0631\u0627\u06cc \u0633\u0641\u0627\u0631\u0634\u200c\u0647\u0627 \u0628\u0631 \u0627\u0633\u0627\u0633 \u0634\u0631\u0627\u06cc\u0637 \u0628\u0627\u0632\u0627\u0631 \u0627\u0633\u062a\u0641\u0627\u062f\u0647 \u0645\u06cc\u200c\u06a9\u0646\u062f\u00a0<span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal;font-weight: 400;text-align: var(--text-align)\">\u0648 \u0642\u0627\u062f\u0631\u0646\u062f \u0631\u0648\u0646\u062f\u0647\u0627\u06cc \u062f\u0631 \u062d\u0627\u0644 \u0634\u06a9\u0644\u200c\u06af\u06cc\u0631\u06cc \u0631\u0627 \u062f\u0631 \u06a9\u0633\u0631\u06cc \u0627\u0632 \u062b\u0627\u0646\u06cc\u0647 \u062a\u0634\u062e\u06cc\u0635 \u062f\u0647\u0646\u062f.<\/span><span style=\"font-size: 20px;text-align: var(--text-align)\">\u00a0\u0628\u0647 \u0637\u0648\u0631 \u0645\u0639\u0645\u0648\u0644\u060c \u0645\u0639\u0627\u0645\u0644\u0647\u200c\u06af\u0631\u0627\u0646\u06cc \u06a9\u0647 \u0627\u0645\u06a9\u0627\u0646 \u0627\u062c\u0631\u0627\u06cc \u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0631\u0627 \u0628\u0627 \u0628\u0627\u0644\u0627\u062a\u0631\u06cc\u0646 \u0633\u0631\u0639\u062a \u062f\u0627\u0631\u0646\u062f\u060c <\/span><b style=\"font-family: inherit;font-style: inherit;text-align: var(--text-align)\">\u0633\u0648\u062f <\/b><span style=\"font-size: 20px;text-align: var(--text-align)\">\u0628\u06cc\u0634\u062a\u0631\u06cc \u062f\u0631 \u0645\u0642\u0627\u06cc\u0633\u0647 \u0628\u0627 \u0645\u0639\u0627\u0645\u0644\u0647\u200c\u06af\u0631\u0627\u0646\u06cc \u06a9\u0647 \u0633\u0631\u0639\u062a \u0627\u062c\u0631\u0627\u06cc \u067e\u0627\u06cc\u06cc\u0646\u200c\u062a\u0631\u06cc \u062f\u0627\u0631\u0646\u062f\u060c \u06a9\u0633\u0628 \u0645\u06cc\u200c\u06a9\u0646\u0646\u062f.<br><\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal;font-weight: 400\">\u0633\u06cc\u0633\u062a\u0645\u200c\u0647\u0627\u06cc \u0645\u0639\u0627\u0645\u0644\u0627\u062a\u06cc\u060c \u0628\u0627 \u062a\u0648\u0627\u0646\u0627\u06cc\u06cc \u0634\u0646\u0627\u0633\u0627\u06cc\u06cc \u062a\u063a\u06cc\u06cc\u0631\u0627\u062a \u062f\u0631 \u0628\u0627\u0632\u0627\u0631\u060c \u0635\u062f\u0647\u0627 \u0633\u0628\u062f \u0633\u0647\u0627\u0645 \u0628\u0627 <\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal\"><b>\u0634\u06a9\u0627\u0641\u200c\u0647\u0627\u06cc \u0642\u06cc\u0645\u062a \u067e\u06cc\u0634\u0646\u0647\u0627\u062f\u06cc \u062f\u0631\u062e\u0648\u0627\u0633\u062a-\u062a\u0642\u0627\u0636\u0627<\/b><\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal;font-weight: 400\"> (<\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal\"><b>Bid-Ask Spreads<\/b><\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal;font-weight: 400\">) <\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal\"><b>\u0633\u0648\u062f\u062f\u0647<\/b><\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal;font-weight: 400\"> \u0631\u0627 \u0628\u0631\u0627\u06cc \u0645\u0639\u0627\u0645\u0644\u0647\u200c\u06af\u0631\u0627\u0646\u060c \u0622\u0645\u0627\u062f\u0647 \u0627\u0633\u062a\u0641\u0627\u062f\u0647 \u062f\u0631 \u0628\u0627\u0632\u0627\u0631 \u0645\u06cc\u200c\u06a9\u0646\u0646\u062f.<br><\/span>\u0639\u0644\u0627\u0648\u0647 \u0628\u0631 \u0633\u0631\u0639\u062a \u0628\u0627\u0644\u0627\u06cc \u0633\u0641\u0627\u0631\u0634\u0627\u062a\u060c \u0646\u0633\u0628\u062a\u200c\u0647\u0627\u06cc \u0628\u0627\u0644\u0627\u06cc <b>\u06af\u0631\u062f\u0634 <\/b>\u0648 <b>\u0633\u0641\u0627\u0631\u0634 <\/b>\u0628\u0647 \u0645\u0639\u0627\u0645\u0644\u0647 (<b>Order-to-Trade Ratio<\/b>) \u0627\u0632 \u0648\u06cc\u0698\u06af\u06cc\u200c\u0647\u0627\u06cc HFT \u0645\u06cc\u200c\u0628\u0627\u0634\u062f. \u0628\u0631\u062e\u06cc \u0627\u0632 \u0634\u0646\u0627\u062e\u062a\u0647\u200c\u0634\u062f\u0647\u200c\u062a\u0631\u06cc\u0646 \u0634\u0631\u06a9\u062a\u200c\u0647\u0627\u06cc HFT \u0634\u0627\u0645\u0644 <b>\u062a\u0627\u0648\u0631 \u0631\u06cc\u0633\u06cc\u0631\u0686 <\/b>(<b>Tower Research<\/b>)\u00a0<span style=\"color: #3366ff\"><a style=\"color: #3366ff;font-size: 14px\" href=\"#_ftn2\" name=\"_ftnref2\"><sup>[2]<\/sup><\/a><\/span>\u060c \u0634\u0631\u06a9\u062a \u0628\u0627 \u0645\u0633\u0626\u0648\u0644\u06cc\u062a \u0645\u062d\u062f\u0648\u062f \u0633\u06cc\u062a\u0627\u062f\u0644 (<b>Citadel LLC<\/b>) <span style=\"color: #3366ff\"><a style=\"color: #3366ff;font-size: 14px\" href=\"#_ftn3\" name=\"_ftnref3\"><sup>[3]<\/sup><\/a><\/span> \u0648 \u0648\u06cc\u0631\u0686\u0648 \u0641\u0627\u06cc\u0646\u0646\u0634\u06cc\u0627\u0644 (<b>Virtu Financial<\/b>)\u00a0<span style=\"color: #3366ff\"><a style=\"color: #3366ff;font-size: 14px\" href=\"#_ftn4\" name=\"_ftnref4\"><sup>[4]<\/sup><\/a><\/span> \u0645\u06cc\u200c\u0628\u0627\u0634\u0646\u062f.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-size: 28px\"><strong><span style=\"font-family: Vazir, sans-serif;font-style: normal\">\u0646\u06a9\u0627\u062a \u06a9\u0644\u06cc\u062f\u06cc<\/span><\/strong><\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal;font-weight: 400\">1- HFT <span style=\"color: #3366ff\"><a style=\"color: #3366ff\" href=\"https:\/\/econclinic.com\/%d9%85%d8%b9%d8%a7%d9%85%d9%84%d8%a7%d8%aa-%d8%a7%d9%84%da%af%d9%88%d8%b1%db%8c%d8%aa%d9%85%db%8c-%d8%b5%d9%81%d8%b1-%d8%aa%d8%a7-%d8%b5%d8%af\/\" target=\"_blank\" rel=\"noopener\">\u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0627\u0644\u06af\u0648\u0631\u06cc\u062a\u0645\u06cc<\/a><\/span> \u067e\u06cc\u0686\u06cc\u062f\u0647\u200c\u0627\u06cc \u0627\u0633\u062a \u06a9\u0647 \u062f\u0631 \u0622\u0646 \u062a\u0639\u062f\u0627\u062f \u0632\u06cc\u0627\u062f\u06cc \u0627\u0632 \u0645\u0639\u0627\u0645\u0644\u0627\u062a \u062f\u0631 \u0639\u0631\u0636 <\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal\"><b>\u0686\u0646\u062f \u062b\u0627\u0646\u06cc\u0647 <\/b><\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal;font-weight: 400\">\u0627\u0646\u062c\u0627\u0645 \u0645\u06cc\u200c\u0634\u0648\u062f.<br><\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal;font-weight: 400;text-align: var(--text-align)\">2- \u0627\u06cc\u0646 \u0645\u0639\u0627\u0645\u0644\u0627\u062a <\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal;text-align: var(--text-align)\"><b>\u0646\u0642\u062f\u067e\u0630\u06cc\u0631\u06cc <\/b><\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal;font-weight: 400;text-align: var(--text-align)\">\u0628\u0627\u0632\u0627\u0631 \u0631\u0627 \u0627\u0641\u0632\u0627\u06cc\u0634 \u062f\u0627\u062f\u0647 \u0648 \u0627\u0633\u067e\u0631\u062f\u0647\u0627\u06cc \u06a9\u0648\u0686\u06a9 \u062e\u0631\u06cc\u062f-\u0641\u0631\u0648\u0634 (<\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal;text-align: var(--text-align)\"><b>\u0634\u06a9\u0627\u0641 \u0642\u06cc\u0645\u062a \u062e\u0631\u06cc\u062f-\u0641\u0631\u0648\u0634<\/b><\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal;font-weight: 400;text-align: var(--text-align)\">) \u0631\u0627 \u062d\u0630\u0641 \u0645\u06cc\u200c\u06a9\u0646\u062f.<br><\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal;font-weight: 400;text-align: var(--text-align)\">3- \u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0641\u0631\u06a9\u0627\u0646\u0633 \u0628\u0627\u0644\u0627 \u0627\u0632 \u0627\u06cc\u0646 \u0646\u0638\u0631 \u06a9\u0647 \u0628\u0647 \u0634\u0631\u06a9\u062a\u200c\u0647\u0627\u06cc \u0628\u0632\u0631\u06af \u0627\u062c\u0627\u0632\u0647 \u0645\u06cc\u200c\u062f\u0647\u062f \u062a\u0627 \u062f\u0633\u062a \u0628\u0627\u0644\u0627\u062a\u0631 \u0631\u0627 \u062f\u0631 \u0645\u0639\u0627\u0645\u0644\u0627\u062a \u062f\u0627\u0634\u062a\u0647 \u0628\u0627\u0634\u0646\u062f\u060c \u0645\u0648\u0631\u062f <\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal;text-align: var(--text-align)\"><b>\u0627\u0646\u062a\u0642\u0627\u062f <\/b><\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal;font-weight: 400;text-align: var(--text-align)\">\u0642\u0631\u0627\u0631 \u0645\u06cc\u200c\u06af\u06cc\u0631\u062f.<br><\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal;font-weight: 400;text-align: var(--text-align)\">4- \u0627\u0646\u062a\u0642\u0627\u062f \u062f\u06cc\u06af\u0631 \u0627\u06cc\u0646 \u0627\u0633\u062a \u06a9\u0647 \u0646\u0642\u062f\u067e\u0630\u06cc\u0631\u06cc \u0627\u06cc\u062c\u0627\u062f \u0634\u062f\u0647 \u062a\u0648\u0633\u0637 \u0627\u06cc\u0646 \u0646\u0648\u0639 \u0627\u0632 \u0645\u0639\u0627\u0645\u0644\u0627\u062a\u060c\u00a0<\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal;text-align: var(--text-align)\"><b>\u0644\u062d\u0638\u0647\u200c\u0627\u06cc <\/b><\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal;font-weight: 400;text-align: var(--text-align)\">\u0627\u0633\u062a\u060c \u062f\u0631 \u0639\u0631\u0636 \u0686\u0646\u062f \u062b\u0627\u0646\u06cc\u0647 \u0646\u0627\u067e\u062f\u06cc\u062f \u0645\u06cc\u200c\u0634\u0648\u062f\u060c \u0627\u0645\u0631\u06cc \u06a9\u0647 \u0628\u0647\u0631\u0647\u200c\u0645\u0646\u062f\u06cc \u0645\u0639\u0627\u0645\u0644\u0647\u200c\u06af\u0631\u0627\u0646 \u0627\u0632 \u0622\u0646 \u0631\u0627 \u063a\u06cc\u0631\u0645\u0645\u06a9\u0646 \u0645\u06cc\u200c\u0633\u0627\u0632\u062f.<br>5-\u00a0<\/span><span style=\"font-size: 20px\">\u0633\u06cc\u0633\u062a\u0645\u200c\u0647\u0627\u06cc HFT \u0627\u0632 <span style=\"color: #3366ff\"><a style=\"color: #3366ff\" href=\"https:\/\/econclinic.com\/%d8%a7%d9%84%da%af%d9%88%d8%b1%db%8c%d8%aa%d9%85-%da%86%db%8c%d8%b3%d8%aa\/\" target=\"_blank\" rel=\"noopener\">\u0627\u0644\u06af\u0648\u0631\u06cc\u062a\u0645\u200c<\/a><\/span>\u0647\u0627 \u0628\u0631\u0627\u06cc \u062a\u062c\u0632\u06cc\u0647\u200c\u0648\u062a\u062d\u0644\u06cc\u0644 \u0628\u0627\u0632\u0627\u0631\u0647\u0627 \u0648 \u0634\u0646\u0627\u0633\u0627\u06cc\u06cc \u0631\u0648\u0646\u062f\u0647\u0627\u06cc \u0646\u0648\u0638\u0647\u0648\u0631 \u062f\u0631 \u06a9\u0633\u0631\u06cc \u0627\u0632 \u062b\u0627\u0646\u06cc\u0647\u060c \u0627\u0633\u062a\u0641\u0627\u062f\u0647 \u0645\u06cc\u200c\u06a9\u0646\u0646\u062f.<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><span style=\"font-size: 22px\">\u0628\u06cc\u0634\u062a\u0631 \u0628\u062e\u0648\u0627\u0646\u06cc\u062f: <span style=\"color: #130170\"><a style=\"color: #130170;font-size: 22px\" href=\"https:\/\/econclinic.com\/%d8%a2%d9%85%d9%88%d8%b2%d8%b4-%d8%b1%d8%a7%db%8c%da%af%d8%a7%d9%86-%d8%aa%d8%ad%d9%84%db%8c%d9%84-%d8%aa%da%a9%d9%86%db%8c%da%a9%d8%a7%d9%84\/\" target=\"_blank\" rel=\"noopener\">\u0622\u0645\u0648\u0632\u0634 \u0631\u0627\u06cc\u06af\u0627\u0646 \u062a\u062d\u0644\u06cc\u0644 \u062a\u06a9\u0646\u06cc\u06a9\u0627\u0644<\/a><\/span><\/span><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><aside class=\"ec-cc\" role=\"complementary\" aria-label=\"\u0622\u0645\u0648\u0632\u0634 \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u06cc \u062f\u0631 \u0637\u0644\u0627\u061b \u062f\u0648\u0631\u0647\u0654 \u062c\u0627\u0645\u0639 \u062b\u0631\u0648\u062a\u200c\u0622\u0641\u0631\u06cc\u0646\u06cc \u062f\u0631 \u0637\u0644\u0627\">\n\t\t<a class=\"ec-cc__thumb\" href=\"https:\/\/econclinic.com\/%d8%af%d9%88%d8%b1%d9%87-%d8%ac%d8%a7%d9%85%d8%b9-%d8%ab%d8%b1%d9%88%d8%aa%d8%a2%d9%81%d8%b1%db%8c%d9%86%db%8c-%d8%af%d8%b1-%d8%b7%d9%84%d8%a7\/\" tabindex=\"-1\" aria-hidden=\"true\"><img class=\"ec-cc__img\" src=\"https:\/\/econclinic.com\/wp-content\/uploads\/2024\/11\/Comprehensivecourseonwealthcreationingold.jpg-1.webp\" width=\"857\" height=\"457\" alt=\"\u062f\u0648\u0631\u0647 \u062c\u0627\u0645\u0639 \u0622\u0645\u0648\u0632\u0634 \u0633\u0631\u0645\u0627\u06cc\u0647 \u06af\u0630\u0627\u0631\u06cc \u062f\u0631 \u0637\u0644\u0627 - \u06a9\u0644\u06cc\u0646\u06cc\u06a9 \u0627\u0642\u062a\u0635\u0627\u062f - \u062f\u06a9\u062a\u0631 \u0633\u0639\u062f\u0648\u0646\u062f\u06cc\" loading=\"lazy\" decoding=\"async\" srcset=\"https:\/\/econclinic.com\/wp-content\/uploads\/2024\/11\/Comprehensivecourseonwealthcreationingold.jpg-1.webp 857w, https:\/\/econclinic.com\/wp-content\/uploads\/2024\/11\/Comprehensivecourseonwealthcreationingold.jpg-1-600x320.webp 600w, https:\/\/econclinic.com\/wp-content\/uploads\/2024\/11\/Comprehensivecourseonwealthcreationingold.jpg-1-300x160.webp 300w, https:\/\/econclinic.com\/wp-content\/uploads\/2024\/11\/Comprehensivecourseonwealthcreationingold.jpg-1-768x410.webp 768w, https:\/\/econclinic.com\/wp-content\/uploads\/2024\/11\/Comprehensivecourseonwealthcreationingold.jpg-1-800x427.webp 800w, https:\/\/econclinic.com\/wp-content\/uploads\/2024\/11\/elementor\/thumbs\/Comprehensivecourseonwealthcreationingold.jpg-1-r24x3j079mmpwyehtc8jid45fz177ar36el1igc25c.webp 450w\" sizes=\"auto, (max-width: 857px) 100vw, 857px\"><\/a>\n\t\t<div class=\"ec-cc__body\">\n\t\t\t\t<ul class=\"ec-cc__meta\"><li>\u06f2\u06f0 \u0633\u0627\u0639\u062a<\/li><li>\u06f5 \u0627\u0632 \u06f5<\/li><li>\u06f2\u06f2\u06f0 \u062f\u0627\u0646\u0634\u200c\u067e\u0698\u0648\u0647<\/li><\/ul>\n\t\t\t\t\t\t<div class=\"ec-cc__prices\">\n\t\t\t<span class=\"ec-cc__price\">\u06f2\u06f5,\u06f0\u06f0\u06f0,\u06f0\u06f0\u06f0 <span class=\"ec-cc__unit\">\u062a\u0648\u0645\u0627\u0646<\/span><\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t<a class=\"ec-cc__cta\" href=\"https:\/\/econclinic.com\/%d8%af%d9%88%d8%b1%d9%87-%d8%ac%d8%a7%d9%85%d8%b9-%d8%ab%d8%b1%d9%88%d8%aa%d8%a2%d9%81%d8%b1%db%8c%d9%86%db%8c-%d8%af%d8%b1-%d8%b7%d9%84%d8%a7\/\" aria-label=\"\u0645\u0634\u0627\u0647\u062f\u0647\u0654 \u062f\u0648\u0631\u0647 \u2014 \u0622\u0645\u0648\u0632\u0634 \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u06cc \u062f\u0631 \u0637\u0644\u0627\u061b \u062f\u0648\u0631\u0647\u0654 \u062c\u0627\u0645\u0639 \u062b\u0631\u0648\u062a\u200c\u0622\u0641\u0631\u06cc\u0646\u06cc \u062f\u0631 \u0637\u0644\u0627\">\n\t\t\t\u0645\u0634\u0627\u0647\u062f\u0647\u0654 \u062f\u0648\u0631\u0647\t\t\t<svg viewBox=\"0 0 24 24\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M15 5l-7 7 7 7\"\/><\/svg>\n\t\t<\/a>\n\t<\/div>\n<\/aside>\n\t\t\n\n\n\n<h2 class=\"wp-block-heading\"><strong>\u062f\u0631\u06a9 \u0645\u0641\u0647\u0648\u0645 \u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0628\u0633\u0627\u0645\u062f \u0628\u0627\u0644\u0627\u00a0<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal;font-weight: 400\">HFT \u0632\u0645\u0627\u0646\u06cc \u0645\u062d\u0628\u0648\u0628 \u0634\u062f \u06a9\u0647 <\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal\"><b>\u06a9\u0627\u0631\u06af\u0632\u0627\u0631\u06cc\u200c\u0647\u0627 <\/b><\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal;font-weight: 400\">\u0634\u0631\u0648\u0639 \u0628\u0647 \u0627\u0631\u0627\u0626\u0647 \u0645\u0634\u0648\u0642\u200c\u0647\u0627\u06cc\u06cc \u0628\u0647 \u0634\u0631\u06a9\u062a\u200c\u0647\u0627 \u062f\u0631 \u0627\u0632\u0627\u06cc \u0627\u0641\u0632\u0627\u06cc\u0634 \u0646\u0642\u062f\u067e\u0630\u06cc\u0631\u06cc \u0628\u0627\u0632\u0627\u0631 \u06a9\u0631\u062f\u0646\u062f. \u0628\u0647 \u0639\u0646\u0648\u0627\u0646 \u0646\u0645\u0648\u0646\u0647\u060c <\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal\"><b>\u0628\u0648\u0631\u0633 \u0627\u0648\u0631\u0627\u0642 \u0628\u0647\u0627\u062f\u0627\u0631 \u0646\u06cc\u0648\u06cc\u0648\u0631\u06a9 <\/b><\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal;font-weight: 400\">(NYSE) <span style=\"color: #3366ff\"><a style=\"color: #3366ff;font-size: 14px\" href=\"#_ftn5\" name=\"_ftnref5\"><sup>[5]<\/sup><\/a><\/span> \u062f\u0627\u0631\u0627\u06cc \u06af\u0631\u0648\u0647\u06cc \u0627\u0632 \u0641\u0631\u0627\u0647\u0645\u200c\u06a9\u0646\u0646\u062f\u06af\u0627\u0646 \u0646\u0642\u062f\u06cc\u0646\u06af\u06cc \u0628\u0647 \u0646\u0627\u0645 <\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal\"><b>\u062a\u0627\u0645\u06cc\u0646\u200c\u06a9\u0646\u0646\u062f\u06af\u0627\u0646 \u0646\u0642\u062f\u06cc\u0646\u06af\u06cc \u062a\u06a9\u0645\u06cc\u0644\u06cc <\/b><\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal;font-weight: 400\">(<\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal\"><b>Supplemental Liquidity Providers-SLPs<\/b><\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal;font-weight: 400\">)\u00a0<span style=\"color: #3366ff\"><a style=\"color: #3366ff;font-size: 14px\" href=\"#_ftn6\" name=\"_ftnref6\"><sup>[6]<\/sup><\/a><\/span> \u0627\u0633\u062a \u06a9\u0647 \u062f\u0631 \u062a\u0644\u0627\u0634\u0646\u062f \u0631\u0642\u0627\u0628\u062a \u0648 \u0646\u0642\u062f\u067e\u0630\u06cc\u0631\u06cc \u0631\u0627 \u0628\u0631\u0627\u06cc \u0642\u06cc\u0645\u062a\u200c\u0647\u0627\u06cc \u0645\u0648\u062c\u0648\u062f \u062f\u0631 <span style=\"color: #3366ff\"><a style=\"color: #3366ff\" href=\"https:\/\/econclinic.com\/%d8%a8%d9%88%d8%b1%d8%b3-%da%86%db%8c%d8%b3%d8%aa%d8%9f\/\" target=\"_blank\" rel=\"noopener\">\u0628\u0648\u0631\u0633<\/a><\/span> \u0627\u0641\u0632\u0627\u06cc\u0634 \u062f\u0647\u0646\u062f.<br><\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal;font-weight: 400\">SLP \u067e\u0633 \u0627\u0632 \u0641\u0631\u0648\u067e\u0627\u0634\u06cc <\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal\"><b>\u0644\u06cc\u0645\u0646 \u0628\u0631\u0627\u062f\u0631\u0632 <\/b><\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal;font-weight: 400\">(Lehman Brothers) <span style=\"color: #3366ff\"><a style=\"color: #3366ff;font-size: 14px\" href=\"#_ftn7\" name=\"_ftnref7\"><sup>[7]<\/sup><\/a><\/span> \u062f\u0631 <\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal\"><b>\u0633\u0627\u0644 2008<\/b><\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal;font-weight: 400\">\u060c \u0632\u0645\u0627\u0646\u06cc \u06a9\u0647 \u0646\u0642\u062f\u06cc\u0646\u06af\u06cc \u06cc\u06a9 \u062f\u063a\u062f\u063a\u0647\u200c\u06cc \u0639\u0645\u062f\u0647 \u0628\u0631\u0627\u06cc \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u0627\u0646 \u0628\u0648\u062f\u060c \u0645\u0639\u0631\u0641\u06cc \u0634\u062f. \u0628\u0647 \u0639\u0646\u0648\u0627\u0646 \u06cc\u06a9 \u0645\u0634\u0648\u0642 \u0628\u0631\u0627\u06cc \u0634\u0631\u06a9\u062a\u200c\u0647\u0627\u060c \u0628\u0648\u0631\u0633 \u0627\u0648\u0631\u0627\u0642 \u0628\u0647\u0627\u062f\u0627\u0631 \u0646\u06cc\u0648\u06cc\u0648\u0631\u06a9 (NYSE) \u0628\u0631\u0627\u06cc \u062a\u0627\u0645\u06cc\u0646 \u0646\u0642\u062f\u067e\u0630\u06cc\u0631\u06cc \u0645\u0630\u06a9\u0648\u0631 <\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal\"><b>\u06a9\u0627\u0631\u0645\u0632\u062f <\/b><\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal;font-weight: 400\">\u06cc\u0627 <\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal\"><b>\u062a\u062e\u0641\u06cc\u0641 <\/b>\u067e\u0631\u062f\u0627\u062e\u062a <\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal;font-weight: 400\">\u0645\u06cc\u200c\u06a9\u0646\u062f. \u0628\u0627 \u0645\u06cc\u0644\u06cc\u0648\u0646\u200c\u0647\u0627 <\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal\"><b>\u062a\u0631\u0627\u06a9\u0646\u0634 <\/b><\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal;font-weight: 400\">\u0631\u0648\u0632\u0627\u0646\u0647\u060c \u0627\u06cc\u0646 \u0627\u0645\u0631 \u0645\u0646\u062c\u0631 \u0628\u0647 \u0633\u0648\u062f \u0632\u06cc\u0627\u062f\u06cc \u0645\u06cc\u200c\u0634\u0648\u062f.<br><\/span><span style=\"font-size: 20px\"><b>\u06a9\u0645\u06cc\u0633\u06cc\u0648\u0646 \u0628\u0648\u0631\u0633 \u0648 \u0627\u0648\u0631\u0627\u0642 \u0628\u0647\u0627\u062f\u0627\u0631<\/b> (SEC) \u0647\u06cc\u0686 \u062a\u0639\u0631\u06cc\u0641 \u0631\u0633\u0645\u06cc \u0627\u0632 \u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0641\u0631\u06a9\u0627\u0646\u0633 \u0628\u0627\u0644\u0627 \u0646\u062f\u0627\u0631\u062f \u0648\u0644\u06cc \u062e\u0635\u0648\u0635\u06cc\u0627\u062a \u062e\u0627\u0635\u06cc \u0631\u0627 \u0628\u0647 \u0622\u0646 \u0646\u0633\u0628\u062a \u0645\u06cc\u200c\u062f\u0647\u062f:<\/span><\/p>\n\n\n\n<p class=\"econ-pull wp-block-paragraph\"><span style=\"font-size: 20px\">1- \u0627\u0633\u062a\u0641\u0627\u062f\u0647 \u0627\u0632 <b>\u0646\u0631\u0645\u200c\u0627\u0641\u0632\u0627\u0631\u0647\u0627\u06cc \u0641\u0648\u0642 \u0627\u0644\u0639\u0627\u062f\u0647 \u067e\u0631\u0633\u0631\u0639\u062a<\/b> \u0648 <b>\u067e\u06cc\u0686\u06cc\u062f\u0647<\/b> \u0628\u0631\u0627\u06cc \u062a\u0648\u0644\u06cc\u062f\u060c \u0645\u0633\u06cc\u0631\u06cc\u0627\u0628\u06cc \u0648 \u0627\u062c\u0631\u0627\u06cc \u0633\u0641\u0627\u0631\u0634\u200c\u0647\u0627<\/span><br><span style=\"font-size: 20px\">2- \u0627\u0633\u062a\u0641\u0627\u062f\u0647 \u0627\u0632 <b>\u0633\u0631\u0648\u06cc\u0633\u200c\u0647\u0627\u06cc \u0647\u0645\u200c\u0645\u06a9\u0627\u0646\u06cc<\/b> \u0648 <b>\u062e\u0648\u0631\u0627\u06a9 \u062f\u0627\u062f\u0647\u200c\u0627\u06cc<\/b> \u0627\u062e\u062a\u0635\u0627\u0635\u06cc \u0627\u0631\u0627\u0626\u0647 \u0634\u062f\u0647 \u062a\u0648\u0633\u0637 \u06a9\u0627\u0631\u06af\u0632\u0627\u0631\u06cc\u200c\u0647\u0627 \u0648 \u062f\u06cc\u06af\u0631\u0627\u0646 \u0628\u0647 \u0645\u0646\u0638\u0648\u0631 \u0628\u0647 \u062d\u062f\u0627\u0642\u0644 \u0631\u0633\u0627\u0646\u062f\u0646 <b>\u062a\u0623\u062e\u06cc\u0631\u0647\u0627\u06cc \u0634\u0628\u06a9\u0647<\/b> \u0648 \u062f\u06cc\u06af\u0631 \u062a\u0623\u062e\u06cc\u0631\u0647\u0627<\/span><br><span style=\"font-size: 20px\">3- <b>\u0686\u0627\u0631\u0686\u0648\u0628\u200c\u0647\u0627\u06cc \u0632\u0645\u0627\u0646\u06cc \u0628\u0633\u06cc\u0627\u0631 \u067e\u0627\u06cc\u06cc\u0646<\/b> \u0628\u0631\u0627\u06cc \u0627\u06cc\u062c\u0627\u062f \u0648 \u062a\u0633\u0648\u06cc\u0647 \u06cc\u06a9 \u0645\u0648\u0642\u0639\u06cc\u062a \u0645\u0639\u0627\u0645\u0644\u0627\u062a\u06cc<\/span><br><span style=\"font-size: 20px\">4- <b>\u0627\u0631\u0633\u0627\u0644 \u0633\u0641\u0627\u0631\u0634\u200c\u0647\u0627\u06cc \u0645\u062a\u0639\u062f\u062f<\/b> \u06a9\u0647 \u062f\u0631 \u0645\u062f\u062a \u06a9\u0648\u062a\u0627\u0647\u06cc \u067e\u0633 \u0627\u0632 \u0627\u0631\u0633\u0627\u0644 \u0644\u063a\u0648 \u0645\u06cc \u0634\u0648\u0646\u062f<\/span><br><span style=\"font-size: 20px\">5- \u067e\u0627\u06cc\u0627\u0646 \u062f\u0627\u062f\u0646 \u0628\u0647 \u0631\u0648\u0632 \u0645\u0639\u0627\u0645\u0644\u0627\u062a\u06cc \u062f\u0631 \u0634\u0631\u0627\u06cc\u0637\u06cc \u06a9\u0647 \u0646\u0632\u062f\u06cc\u06a9\u200c\u062a\u0631\u06cc\u0646 \u062d\u0627\u0644\u062a \u0628\u0647 \u06cc\u06a9 <b>\u0645\u0648\u0642\u0639\u06cc\u062a \u062e\u0646\u062b\u06cc<\/b> (Flat Position) \u0628\u0627\u0634\u062f (\u06cc\u0639\u0646\u06cc \u0646\u062f\u0627\u0634\u062a\u0646 \u0645\u0648\u0642\u0639\u06cc\u062a\u200c\u0647\u0627\u06cc \u0628\u0627 \u0627\u0647\u0645\u06cc\u062a \u0648 \u0628\u062f\u0648\u0646 \u067e\u0648\u0634\u0634 \u0631\u06cc\u0633\u06a9 \u062f\u0631 \u0637\u0648\u0644 \u0634\u0628)<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><span style=\"font-size: 22px\">\u0628\u06cc\u0634\u062a\u0631 \u0628\u062e\u0648\u0627\u0646\u06cc\u062f: <span style=\"color: #130170\"><a style=\"color: #130170;font-size: 22px\" href=\"https:\/\/econclinic.com\/%d8%a2%d9%85%d9%88%d8%b2%d8%b4-%d8%a8%d9%88%d8%b1%d8%b3\/\" target=\"_blank\" rel=\"noopener\">\u0622\u0645\u0648\u0632\u0634 \u0628\u0648\u0631\u0633<\/a><\/span><\/span><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img src=\"https:\/\/econclinic.com\/wp-content\/uploads\/2023\/06\/%DA%A9%D9%84%DB%8C%D9%86%DB%8C%DA%A9-%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF-%D8%AF%DA%A9%D8%AA%D8%B1-%D8%B3%D8%B9%D8%AF%D9%88%D9%86%D8%AF%DB%8C-%D9%85%D8%B2%D8%A7%DB%8C%D8%A7%DB%8C-%D9%85%D8%B9%D8%A7%D9%85%D9%84%D8%A7%D8%AA-%D9%81%D8%B1%DA%A9%D8%A7%D9%86%D8%B3-%D8%A8%D8%A7%D9%84%D8%A7-HFT.webp\" alt=\"\u0645\u0632\u0627\u06cc\u0627\u06cc \u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0641\u0631\u06a9\u0627\u0646\u0633 \u0628\u0627\u0644\u0627 \u06cc\u0627 HFT \u0628\u062e\u0634\u06cc \u0627\u0632 \u0633\u0631\u06cc \u0645\u0642\u0627\u0644\u0627\u062a \u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0627\u0644\u06af\u0648\u0631\u06cc\u062a\u0645\u06cc \u06a9\u0644\u06cc\u0646\u06cc\u06a9 \u0627\u0642\u062a\u0635\u0627\u062f \u062f\u06a9\u062a\u0631 \u0633\u0639\u062f\u0648\u0646\u062f\u06cc\" loading=\"lazy\" decoding=\"async\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>\u0645\u0632\u0627\u06cc\u0627\u06cc \u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0641\u0631\u06a9\u0627\u0646\u0633 \u0628\u0627\u0644\u0627 (HFT)<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal;font-weight: 400\">HFT \u0646\u0642\u062f\u067e\u0630\u06cc\u0631\u06cc \u0628\u0627\u0632\u0627\u0631 \u0631\u0627 \u0627\u0641\u0632\u0627\u06cc\u0634 \u062f\u0627\u062f\u0647 \u0648 <\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal\"><b>\u0627\u0633\u067e\u0631\u062f\u0647\u0627\u06cc \u062e\u0631\u06cc\u062f-\u0641\u0631\u0648\u0634 <\/b><\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal;font-weight: 400\">\u0631\u0627 \u06a9\u0647 \u0642\u0628\u0644\u0627\u064b \u0628\u0633\u06cc\u0627\u0631 \u06a9\u0648\u0686\u06a9 \u0628\u0648\u062f\u060c \u062d\u0630\u0641 \u06a9\u0631\u062f\u0647 \u0627\u0633\u062a. \u0627\u06cc\u0646 \u0627\u0645\u0631 \u0628\u0627 \u0627\u0636\u0627\u0641\u0647 \u06a9\u0631\u062f\u0646 \u06a9\u0627\u0631\u0645\u0632\u062f\u0647\u0627\u06cc HFT \u0645\u0648\u0631\u062f \u0622\u0632\u0645\u0627\u06cc\u0634 \u0642\u0631\u0627\u0631 \u06af\u0631\u0641\u062a \u06a9\u0647 \u0645\u0646\u062c\u0631 \u0628\u0647 \u0627\u0641\u0632\u0627\u06cc\u0634 \u0627\u0633\u067e\u0631\u062f\u0647\u0627\u06cc \u062e\u0631\u06cc\u062f- \u0641\u0631\u0648\u0634 \u0634\u062f.<br><\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal;font-weight: 400\">\u067e\u0633 \u0627\u0632 \u0627\u06cc\u0646\u06a9\u0647 <\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal\"><b>\u062f\u0648\u0644\u062a \u06a9\u0627\u0646\u0627\u062f\u0627 <\/b><\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal;font-weight: 400\">\u0628\u0631\u0627\u06cc \u0645\u0639\u0627\u0645\u0644\u0627\u062a HFT \u06a9\u0627\u0631\u0645\u0632\u062f \u062a\u0639\u06cc\u06cc\u0646 \u06a9\u0631\u062f\u060c \u06cc\u06a9 \u0645\u0637\u0627\u0644\u0639\u0647 \u0628\u0647 \u0627\u0631\u0632\u06cc\u0627\u0628\u06cc \u062a\u063a\u06cc\u06cc\u0631\u0627\u062a \u0627\u0633\u067e\u0631\u062f\u0647\u0627\u06cc \u062e\u0631\u06cc\u062f-\u0641\u0631\u0648\u0634 \u06a9\u0627\u0646\u0627\u062f\u0627\u06cc\u06cc \u067e\u0631\u062f\u0627\u062e\u062a. \u0645\u0637\u0627\u0644\u0639\u0647 \u06cc \u0645\u0630\u06a9\u0648\u0631 \u0646\u0634\u0627\u0646 \u062f\u0627\u062f \u06a9\u0647 \u0627\u0633\u067e\u0631\u062f\u0647\u0627\u06cc \u062e\u0631\u06cc\u062f-\u0641\u0631\u0648\u0634 \u062f\u0631 \u06a9\u0644 \u0628\u0627\u0632\u0627\u0631 <\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal\"><b>13 \u062f\u0631\u0635\u062f <\/b><\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal;font-weight: 400\">\u0648 \u0627\u0633\u067e\u0631\u062f\u0647\u0627\u06cc \u0645\u0639\u0627\u0645\u0644\u0627\u062a \u062e\u0631\u062f <\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal\"><b>9 \u062f\u0631\u0635\u062f <\/b><\/span><span style=\"font-family: Vazir, sans-serif;font-size: 20px;font-style: normal;font-weight: 400\">\u0627\u0641\u0632\u0627\u06cc\u0634 \u06cc\u0627\u0641\u062a.<br><\/span><span style=\"font-size: 20px\">\u0645\u0624\u0633\u0633\u0627\u062a\u06cc \u06a9\u0647 \u0628\u0647 \u0627\u062c\u0631\u0627\u06cc \u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0641\u0631\u06a9\u0627\u0646\u0633 \u0628\u0627\u0644\u0627 \u0645\u06cc\u200c\u067e\u0631\u062f\u0627\u0632\u0646\u062f\u060c \u062f\u0631 \u0627\u0635\u0644 \u0645\u06cc\u200c\u062a\u0648\u0627\u0646\u0646\u062f \u0628\u0627 <b>\u067e\u06cc\u0634\u200c\u0628\u06cc\u0646\u06cc<\/b> \u0648 <b>\u0634\u06a9\u0633\u062a \u0631\u0648\u0646\u062f\u0647\u0627\u06cc \u0628\u0627\u0632\u0627\u0631<\/b>\u060c \u0628\u0627\u0632\u062f\u0647\u06cc \u0645\u0637\u0644\u0648\u0628\u06cc \u062f\u0631 \u0645\u0639\u0627\u0645\u0644\u0627\u062a \u062e\u0648\u062f \u0628\u0647 \u0648\u0627\u0633\u0637\u0647\u200c\u06cc \u0634\u06a9\u0627\u0641\u200c\u0647\u0627\u06cc \u0642\u06cc\u0645\u062a \u067e\u06cc\u0634\u0646\u0647\u0627\u062f\u06cc \u062f\u0631\u062e\u0648\u0627\u0633\u062a-\u062a\u0642\u0627\u0636\u0627 \u0628\u062f\u0633\u062a \u0622\u0648\u0631\u0646\u062f \u0648 \u062f\u0631 \u0646\u062a\u06cc\u062c\u0647 \u0633\u0648\u062f \u0642\u0627\u0628\u0644\u200c\u062a\u0648\u062c\u0647\u06cc \u06a9\u0633\u0628 \u06a9\u0646\u0646\u062f.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>\u062f\u0644\u0627\u06cc\u0644 \u0631\u0648\u0627\u062c \u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0641\u0631\u06a9\u0627\u0646\u0633 \u0628\u0627\u0644\u0627<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0641\u0631\u06a9\u0627\u0646\u0633 \u0628\u0627\u0644\u0627 \u0628\u0647 \u062f\u0646\u0628\u0627\u0644 \u0627\u0631\u0627\u0626\u0647 \u0645\u0634\u0648\u0642\u200c\u0647\u0627\u06cc\u06cc \u062a\u0648\u0633\u0637 \u06a9\u0627\u0631\u06af\u0632\u0627\u0631\u06cc\u200c\u0647\u0627 \u0628\u0647 \u0645\u0624\u0633\u0633\u0627\u062a \u0628\u0631\u0627\u06cc \u0627\u0641\u0632\u0627\u06cc\u0634 <b>\u0646\u0642\u062f\u067e\u0630\u06cc\u0631\u06cc<\/b> \u0628\u0627\u0632\u0627\u0631\u0647\u0627\u060c \u0631\u0627\u06cc\u062c \u0634\u062f.<br>\u06a9\u0627\u0631\u06af\u0632\u0627\u0631\u0627\u0646 \u0628\u0627 \u0627\u0631\u0627\u0626\u0647 \u0645\u0634\u0648\u0642\u200c\u0647\u0627\u06cc \u06a9\u0648\u0686\u06a9 \u0628\u0647 \u0627\u06cc\u0646 <b>\u0628\u0627\u0632\u0627\u0631\u0633\u0627\u0632\u0647\u0627<\/b> (Market Makers)\u060c \u0646\u0642\u062f\u067e\u0630\u06cc\u0631\u06cc \u0628\u0627\u0644\u0627\u062a\u0631\u06cc \u0628\u062f\u0633\u062a \u0645\u06cc\u200c\u0622\u0648\u0631\u0646\u062f \u0648 \u0645\u0624\u0633\u0633\u0627\u062a\u06cc \u06a9\u0647 \u0627\u06cc\u0646 \u0646\u0642\u062f\u06cc\u0646\u06af\u06cc \u0631\u0627 \u062a\u0623\u0645\u06cc\u0646 \u0645\u06cc\u200c\u06a9\u0646\u0646\u062f\u060c \u0639\u0644\u0627\u0648\u0647 \u0628\u0631 \u0627\u0633\u067e\u0631\u062f\u0647\u0627\u06cc \u0645\u0637\u0644\u0648\u0628\u060c \u0633\u0648\u062f \u0628\u06cc\u0634\u062a\u0631\u06cc \u0631\u0627 \u062f\u0631 \u0647\u0631 \u0645\u0639\u0627\u0645\u0644\u0647 \u06a9\u0633\u0628 \u0645\u06cc\u200c\u0646\u0645\u0627\u06cc\u0646\u062f.<br>\u0647\u0631\u0686\u0646\u062f \u0627\u0646\u062f\u0627\u0632\u0647\u200c\u06cc \u0627\u0633\u067e\u0631\u062f\u0647\u0627 \u0648 \u0645\u0634\u0648\u0642\u200c\u0647\u0627 \u0628\u0647 <b>\u06a9\u0633\u0631\u06cc \u0627\u0632 \u06cc\u06a9 \u0633\u0646\u062a<\/b> \u062f\u0631 \u0647\u0631 \u062a\u0631\u0627\u06a9\u0646\u0634 \u0645\u06cc\u200c\u0631\u0633\u062f\u060c \u0627\u0645\u0627 \u0636\u0631\u0628 \u0622\u0646 \u062f\u0631 \u062a\u0639\u062f\u0627\u062f \u0632\u06cc\u0627\u062f \u0645\u0639\u0627\u0645\u0644\u0627\u062a \u062f\u0631 \u0631\u0648\u0632\u060c \u0628\u0647 \u0633\u0648\u062f \u0642\u0627\u0628\u0644\u200c\u062a\u0648\u062c\u0647\u06cc \u0628\u0631\u0627\u06cc \u0645\u0639\u0627\u0645\u0644\u0647\u200c\u06af\u0631\u0627\u0646 \u0641\u0631\u06a9\u0627\u0646\u0633 \u0628\u0627\u0644\u0627 \u0645\u0646\u062a\u062c \u0645\u06cc\u200c\u0634\u0648\u062f.<br>\u0645\u0646\u062a\u0642\u062f\u0627\u0646\u060c \u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0641\u0631\u06a9\u0627\u0646\u0633 \u0628\u0627\u0644\u0627 \u0631\u0627 \u063a\u06cc\u0631\u0627\u062e\u0644\u0627\u0642\u06cc \u0645\u06cc\u200c\u062f\u0627\u0646\u0646\u062f\u060c \u0686\u0631\u0627 \u06a9\u0647 \u0645\u0639\u062a\u0642\u062f\u0646\u062f \u0622\u0646\u200c\u0647\u0627 \u0628\u0647 \u0634\u0631\u06a9\u062a\u200c\u0647\u0627\u06cc \u0628\u0632\u0631\u06af \u062f\u0631 \u0645\u0642\u0627\u06cc\u0633\u0647 \u0628\u0627 \u0645\u0624\u0633\u0633\u0627\u062a \u0648 \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u0627\u0646 \u062e\u0631\u062f\u060c <b>\u0645\u0632\u06cc\u062a\u06cc \u0646\u0627\u0639\u0627\u062f\u0644\u0627\u0646\u0647<\/b> \u0645\u06cc\u200c\u062f\u0647\u0646\u062f. \u0642\u0631\u0627\u0631 \u0628\u0631 \u0627\u06cc\u0646 \u0627\u0633\u062a \u06a9\u0647 \u0628\u0627\u0632\u0627\u0631\u0647\u0627\u060c \u06cc\u06a9 \u0632\u0645\u06cc\u0646 \u0628\u0627\u0632\u06cc \u0645\u0646\u0635\u0641\u0627\u0646\u0647 \u0648 \u0645\u0633\u0627\u0648\u06cc \u0631\u0627 \u0641\u0631\u0627\u0647\u0645 \u0622\u0648\u0631\u0646\u062f. \u0627\u06cc\u0646 \u0647\u0645\u0627\u0646 \u0686\u06cc\u0632\u06cc \u0627\u0633\u062a \u06a9\u0647 HFT \u0628\u0647 \u0627\u062d\u062a\u0645\u0627\u0644 \u0632\u06cc\u0627\u062f \u0622\u0646 \u0631\u0627 \u0645\u062e\u062a\u0644 \u0645\u06cc\u200c\u06a9\u0646\u062f\u060c \u0686\u0631\u0627 \u06a9\u0647 \u062a\u06a9\u0646\u0648\u0644\u0648\u0698\u06cc \u0645\u06cc\u200c\u062a\u0648\u0627\u0646\u062f \u062f\u0631 \u0631\u0627\u0633\u062a\u0627\u06cc <b>\u0627\u0633\u062a\u0631\u0627\u062a\u0698\u06cc\u200c\u0647\u0627\u06cc \u0628\u0633\u06cc\u0627\u0631 \u06a9\u0648\u062a\u0627\u0647 \u0645\u062f\u062a<\/b> (Ultra-short-term Strategies) \u0628\u0647 \u06a9\u0627\u0631 \u06af\u0631\u0642\u062a\u0647 \u0634\u0648\u062f.<br>\u0645\u0639\u0627\u0645\u0644\u0647\u200c\u06af\u0631\u0627\u0646 HFT \u0628\u0627 \u0628\u0647\u0631\u0647\u200c\u06af\u06cc\u0631\u06cc \u0627\u0632 <b>\u0622\u0631\u0628\u06cc\u062a\u0631\u0627\u0698<\/b> \u0648 <b>\u0633\u0631\u0639\u062a<\/b>\u060c \u0627\u0632 \u0647\u0631\u06af\u0648\u0646\u0647 \u0639\u062f\u0645 \u062a\u0648\u0627\u0632\u0646 \u0628\u06cc\u0646 <b>\u0639\u0631\u0636\u0647 \u0648 \u062a\u0642\u0627\u0636\u0627<\/b> \u06a9\u0633\u0628 \u062f\u0631\u0622\u0645\u062f \u0645\u06cc\u200c\u06a9\u0646\u0646\u062f. \u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0622\u0646\u200c\u0647\u0627 \u0628\u0631 \u067e\u0627\u06cc\u0647\u200c\u06cc \u062a\u062d\u0642\u06cc\u0642\u0627\u062a \u0628\u0646\u06cc\u0627\u062f\u06cc \u062f\u0631 \u0631\u0627\u0628\u0637\u0647 \u0628\u0627 \u0634\u0631\u06a9\u062a \u06cc\u0627 <b>\u0686\u0634\u0645\u200c\u0627\u0646\u062f\u0627\u0632 \u0631\u0634\u062f<\/b> \u0622\u0646 \u0646\u06cc\u0633\u062a\u060c \u0628\u0644\u06a9\u0647 \u0628\u0631 \u0627\u0633\u0627\u0633 \u0641\u0631\u0635\u062a\u200c\u0647\u0627\u06cc \u0648\u0631\u0648\u062f \u0645\u06cc\u200c\u0628\u0627\u0634\u062f.<br>\u0647\u0631\u0686\u0646\u062f HFT \u0634\u062e\u0635 \u062e\u0627\u0635\u06cc \u0631\u0627 \u0647\u062f\u0641 \u0642\u0631\u0627\u0631 \u0646\u0645\u06cc\u200c\u062f\u0647\u062f\u060c \u0627\u0645\u0627 \u0645\u06cc\u200c\u062a\u0648\u0627\u0646\u062f \u0645\u0648\u062c\u0628 \u0628\u0631\u0648\u0632 \u0635\u062f\u0645\u0627\u062a \u062c\u0627\u0646\u0628\u06cc \u0628\u0647 <b>\u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u0627\u0646 \u062e\u0631\u062f<\/b> \u0648 \u0646\u06cc\u0632 <b>\u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u0627\u0646 \u0646\u0647\u0627\u062f\u06cc<\/b> \u0627\u0632 \u0642\u0628\u06cc\u0644 \u0635\u0646\u062f\u0648\u0642\u200c\u0647\u0627\u06cc \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u06cc \u0645\u0634\u062a\u0631\u06a9 \u06a9\u0647 \u0628\u0647 \u0635\u0648\u0631\u062a \u0639\u0645\u062f\u0647 \u062e\u0631\u06cc\u062f \u0648 \u0641\u0631\u0648\u0634 \u0645\u06cc \u06a9\u0646\u0646\u062f\u060c \u0634\u0648\u062f.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><span style=\"font-size: 22px\">\u0628\u06cc\u0634\u062a\u0631 \u0628\u062e\u0648\u0627\u0646\u06cc\u062f: <span style=\"color: #130170\"><a style=\"color: #130170;font-size: 22px\" href=\"https:\/\/econclinic.com\/%d9%85%d8%af%db%8c%d8%b1%db%8c%d8%aa-%d8%b1%db%8c%d8%b3%da%a9-%d9%85%d8%a7%d9%84%db%8c-%da%86%db%8c%d8%b3%d8%aa%d8%9f\/\" target=\"_blank\" rel=\"noopener\">\u0645\u062f\u06cc\u0631\u06cc\u062a \u0631\u06cc\u0633\u06a9 \u0645\u0627\u0644\u06cc \u0686\u06cc\u0633\u062a\u061f<\/a><\/span><\/span><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img src=\"https:\/\/econclinic.com\/wp-content\/uploads\/2023\/06\/%DA%A9%D9%84%DB%8C%D9%86%DB%8C%DA%A9-%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF-%D8%AF%DA%A9%D8%AA%D8%B1-%D8%B3%D8%B9%D8%AF%D9%88%D9%86%D8%AF%DB%8C-%D8%B3%D8%A7%D8%AE%D8%AA%D9%85%D8%A7%D9%86-%D8%B4%D8%B1%DA%A9%D8%AA-%D8%B3%DB%8C%D8%AA%D8%A7%D8%AF%D9%84-%D8%A8%D8%A7-%D9%85%D8%B3%D8%A6%D9%88%D9%84%DB%8C%D8%AA-%D9%85%D8%AD%D8%AF%D9%88%D8%AF-.webp\" alt=\"\u0633\u0627\u062e\u062a\u0645\u0627\u0646 \u0634\u0631\u06a9\u062a \u0633\u06cc\u062a\u0627\u062f\u0644\u060c \u0627\u062c\u0631\u0627\u06a9\u0646\u0646\u062f\u0647\u200c\u06cc \u0645\u0634\u0647\u0648\u0631 \u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0641\u0631\u06a9\u0627\u0646\u0633 \u0628\u0627\u0644\u0627 (HFT) - \u0627\u0632 \u0633\u0631\u06cc \u0645\u0642\u0627\u0644\u0627\u062a \u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0627\u0644\u06af\u0648\u0631\u06cc\u062a\u0645\u06cc \u06a9\u0644\u06cc\u0646\u06cc\u06a9 \u0627\u0642\u062a\u0635\u0627\u062f \u062f\u06a9\u062a\u0631 \u0633\u0639\u062f\u0648\u0646\u062f\u06cc\" loading=\"lazy\" decoding=\"async\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>\u0646\u0642\u062f HFT<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0628\u0633\u0627\u0645\u062f \u0628\u0627\u0644\u0627 \u0628\u062d\u062b\u200c\u0628\u0631\u0627\u0646\u06af\u06cc\u0632 \u0645\u06cc\u200c\u0628\u0627\u0634\u0646\u062f \u0648 \u0628\u0627 \u0627\u0646\u062a\u0642\u0627\u062f\u0627\u062a \u062a\u0646\u062f\u06cc \u0631\u0648\u0628\u0631\u0648 \u0634\u062f\u0647\u200c\u0627\u0646\u062f. HFT \u062c\u0627\u06cc\u06af\u0632\u06cc\u0646 \u062a\u0639\u062f\u0627\u062f\u06cc \u0627\u0632 \u0634\u0631\u06a9\u062a\u200c\u0647\u0627 \u06cc\u0627 \u0627\u0634\u062e\u0627\u0635 \u06a9\u0627\u0631\u06af\u0632\u0627\u0631-\u0645\u0639\u0627\u0645\u0644\u0647\u200c\u06af\u0631 (<b>Broker-Dealer<\/b>) \u0634\u062f\u0647 \u0627\u0633\u062a \u0648 \u062f\u0631 \u062a\u0635\u0645\u06cc\u0645\u200c\u06af\u06cc\u0631\u06cc \u0627\u0632 \u0645\u062f\u0644\u200c\u0647\u0627\u06cc \u0631\u06cc\u0627\u0636\u06cc \u0648 \u0627\u0644\u06af\u0648\u0631\u06cc\u062a\u0645\u200c\u0647\u0627 \u0627\u0633\u062a\u0641\u0627\u062f\u0647 \u06a9\u0631\u062f\u0647 \u0648 <b>\u062a\u0635\u0645\u06cc\u0645 <\/b>\u0648 <b>\u062a\u0639\u0627\u0645\u0644 \u0627\u0646\u0633\u0627\u0646\u06cc <\/b>\u0631\u0627 \u0627\u0632 \u0645\u0639\u0627\u062f\u0644\u0647 \u062e\u0627\u0631\u062c \u0645\u06cc\u200c\u06a9\u0646\u062f.<br>\u062a\u0635\u0645\u06cc\u0645\u200c\u0647\u0627 \u062f\u0631 \u0686\u0646\u062f \u0645\u06cc\u0644\u06cc \u062b\u0627\u0646\u06cc\u0647 \u0627\u062a\u0641\u0627\u0642 \u0645\u06cc\u200c\u0627\u0641\u062a\u0646\u062f\u060c \u0648 \u0627\u06cc\u0646 \u0645\u06cc\u200c\u062a\u0648\u0627\u0646\u062f \u0645\u0646\u062c\u0631 \u0628\u0647 \u062d\u0631\u06a9\u0627\u062a \u0628\u0632\u0631\u06af \u0648 \u0628\u062f\u0648\u0646 \u062f\u0644\u06cc\u0644 \u062f\u0631 \u0628\u0627\u0632\u0627\u0631 \u0634\u0648\u062f. \u0628\u0647 \u0639\u0646\u0648\u0627\u0646 \u0646\u0645\u0648\u0646\u0647\u060c \u062f\u0631 6 \u0645\u06cc 2010\u060c <b>\u0634\u0627\u062e\u0635 \u0645\u06cc\u0627\u0646\u06af\u06cc\u0646 \u0635\u0646\u0639\u062a\u06cc \u062f\u0627\u0648\u062c\u0648\u0646\u0632 <\/b>(<b>DJIA<\/b>)<span style=\"color: #3366ff\"><a style=\"color: #3366ff;font-size: 14px\" href=\"#_ftn8\" name=\"_ftnref8\"><sup>[8]<\/sup><\/a><\/span> \u0628\u0627 1,000 \u0648\u0627\u062d\u062f \u06a9\u0627\u0647\u0634 \u0648 \u0627\u0641\u062a <b>10 \u062f\u0631\u0635\u062f\u06cc <\/b>\u062f\u0631 \u0639\u0631\u0636 \u062a\u0646\u0647\u0627 <b>20 \u062f\u0642\u06cc\u0642\u0647 <\/b>\u0648 \u0642\u0628\u0644 \u0627\u0632 \u0627\u0641\u0632\u0627\u06cc\u0634 \u0645\u062c\u062f\u062f\u060c \u0628\u06cc\u0634\u062a\u0631\u06cc\u0646 \u0627\u0641\u062a \u0631\u0648\u0632\u0627\u0646\u0647 \u062e\u0648\u062f \u0631\u0627 \u0627\u0632 \u0633\u0631 \u06af\u0630\u0631\u0627\u0646\u062f.<br>\u06cc\u06a9 \u062a\u062d\u0642\u06cc\u0642 \u062f\u0648\u0644\u062a\u06cc \u06cc\u06a9 \u0633\u0641\u0627\u0631\u0634 \u062d\u062c\u06cc\u0645 \u0631\u0627 \u0628\u0647 \u0639\u0646\u0648\u0627\u0646 <b>\u0622\u063a\u0627\u0632\u06af\u0631 \u0641\u0631\u0648\u0634 <\/b>\u0648 <b>\u062d\u0631\u0627\u062c \u0642\u06cc\u0645\u062a\u06cc<\/b>\u060c \u0645\u0642\u0635\u0631 \u0627\u06cc\u0646 \u0633\u0642\u0648\u0637 \u062f\u0627\u0646\u0633\u062a.<br>\u06cc\u06a9 \u0627\u0646\u062a\u0642\u0627\u062f \u062f\u06cc\u06af\u0631 \u0628\u0647 HFT \u0627\u06cc\u0646 \u0627\u0633\u062a \u06a9\u0647 \u0628\u0647 \u0634\u0631\u06a9\u062a\u200c\u0647\u0627\u06cc \u0628\u0632\u0631\u06af \u0627\u062c\u0627\u0632\u0647 \u0645\u06cc\u200c\u062f\u0647\u062f \u0628\u0647 \u0642\u06cc\u0645\u062a \u0632\u06cc\u0627\u0646 \u0627\u0634\u062e\u0627\u0635 \u062e\u0631\u062f\u060c \u0633\u0648\u062f \u06a9\u0646\u0646\u062f. \u0646\u0642\u062f\u06cc\u0646\u06af\u06cc \u0634\u0628\u062d \u06af\u0648\u0646\u0647 (<b>Ghost Liquidity<\/b>) \u0622\u0646 \u0646\u06cc\u0632 \u0645\u062d\u0644 \u0627\u0646\u062a\u0642\u0627\u062f \u0627\u0633\u062a: \u0646\u0642\u062f\u06cc\u0646\u06af\u06cc \u0627\u06cc\u062c\u0627\u062f \u0634\u062f\u0647 \u062a\u0648\u0633\u0637 HFT \u062f\u0631 \u06cc\u06a9 \u062b\u0627\u0646\u06cc\u0647 \u062f\u0631 \u062f\u0633\u062a\u0631\u0633 \u0628\u0627\u0632\u0627\u0631 \u0627\u0633\u062a \u0648 \u062f\u0631 \u062b\u0627\u0646\u06cc\u0647 \u0628\u0639\u062f\u06cc \u0627\u0632 \u0628\u06cc\u0646 \u0631\u0641\u062a\u0647 \u0627\u0633\u062a \u06a9\u0647 \u0645\u0639\u0627\u0645\u0644\u0647\u200c\u06af\u0631\u0627\u0646 \u0631\u0627 \u0627\u0632 \u0627\u06cc\u0646\u06a9\u0647 \u062f\u0631 \u0639\u0645\u0644 \u0628\u062a\u0648\u0627\u0646\u0646\u062f \u0628\u0648\u0627\u0633\u0637\u0647\u200c\u06cc \u0627\u06cc\u0646 \u0646\u0642\u062f\u06cc\u0646\u06af\u06cc \u0645\u0639\u0627\u0645\u0644\u0647 \u06a9\u0646\u0646\u062f\u060c \u0628\u0627\u0632 \u0645\u06cc\u200c\u062f\u0627\u0631\u062f.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0645\u0646\u0628\u0639: <span style=\"color: #3366ff\"><a style=\"color: #3366ff\" href=\"https:\/\/www.investopedia.com\/terms\/h\/high-frequency-trading.asp\" target=\"_blank\" rel=\"noopener\">Investopedia<\/a><\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u0633\u0648\u0627\u0644\u0627\u062a \u0645\u062a\u062f\u0627\u0648\u0644 \u062f\u0631\u0628\u0627\u0631\u0647 \u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0641\u0631\u06a9\u0627\u0646\u0633 \u0628\u0627\u0644\u0627<\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1788938975766\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><h3>\u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0641\u0631\u06a9\u0627\u0646\u0633 \u0628\u0627\u0644\u0627 \u06cc\u0627 HFT \u0686\u06cc\u0633\u062a\u061f<\/h3><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>\u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0641\u0631\u06a9\u0627\u0646\u0633 \u0628\u0627\u0644\u0627 (High-Frequency Trading) \u06a9\u0647 \u0628\u0647 \u0639\u0646\u0648\u0627\u0646 HFT \u0646\u06cc\u0632 \u0634\u0646\u0627\u062e\u062a\u0647 \u0645\u06cc \u0634\u0648\u062f\u060c \u06cc\u06a9 \u0631\u0648\u0634 \u0645\u0639\u0627\u0645\u0644\u0627\u062a\u06cc \u0627\u0633\u062a \u06a9\u0647 \u0627\u0632 \u06cc\u06a9 \u0646\u0631\u0645 \u0627\u0641\u0632\u0627\u0631 \u06a9\u0627\u0645\u067e\u06cc\u0648\u062a\u0631\u06cc \u0642\u062f\u0631\u062a\u0645\u0646\u062f \u0628\u0631\u0627\u06cc \u0627\u0646\u062c\u0627\u0645 \u062a\u0639\u062f\u0627\u062f \u0632\u06cc\u0627\u062f\u06cc \u0627\u0632 \u0633\u0641\u0627\u0631\u0634 \u0647\u0627 \u062f\u0631 \u06a9\u0633\u0631\u06cc \u0627\u0632 \u062b\u0627\u0646\u06cc\u0647\u060c \u0627\u0633\u062a\u0641\u0627\u062f\u0647 \u0645\u06cc \u06a9\u0646\u062f.<\/p>\n<p>\u0627\u06cc\u0646 \u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0627\u0632 \u0627\u0644\u06af\u0648\u0631\u06cc\u062a\u0645 \u0647\u0627\u06cc \u067e\u06cc\u0686\u06cc\u062f\u0647 \u0628\u0631\u0627\u06cc \u062a\u062d\u0644\u06cc\u0644 \u0628\u0627\u0632\u0627\u0631\u0647\u0627\u06cc \u0645\u062a\u0639\u062f\u062f \u0648 \u0627\u062c\u0631\u0627\u06cc \u0633\u0641\u0627\u0631\u0634 \u0647\u0627 \u0628\u0631 \u0627\u0633\u0627\u0633 \u0634\u0631\u0627\u06cc\u0637 \u0628\u0627\u0632\u0627\u0631 \u0627\u0633\u062a\u0641\u0627\u062f\u0647 \u0645\u06cc \u06a9\u0646\u062f. \u0628\u0647 \u0637\u0648\u0631 \u0645\u0639\u0645\u0648\u0644\u060c \u0645\u0639\u0627\u0645\u0644\u0647 \u06af\u0631\u0627\u0646\u06cc \u06a9\u0647 \u0627\u0645\u06a9\u0627\u0646 \u0627\u062c\u0631\u0627\u06cc \u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0631\u0627 \u0628\u0627 \u0628\u0627\u0644\u0627\u062a\u0631\u06cc\u0646 \u0633\u0631\u0639\u062a \u062f\u0627\u0631\u0646\u062f\u060c \u0633\u0648\u062f \u0628\u06cc\u0634\u062a\u0631\u06cc \u062f\u0631 \u0645\u0642\u0627\u06cc\u0633\u0647 \u0628\u0627 \u0645\u0639\u0627\u0645\u0644\u0647 \u06af\u0631\u0627\u0646\u06cc \u06a9\u0647 \u0633\u0631\u0639\u062a \u0627\u062c\u0631\u0627\u06cc \u067e\u0627\u06cc\u06cc\u0646 \u062a\u0631\u06cc \u062f\u0627\u0631\u0646\u062f\u060c \u06a9\u0633\u0628 \u0645\u06cc \u06a9\u0646\u0646\u062f.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1788938975767\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><h3>\u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0641\u0631\u06a9\u0627\u0646\u0633 \u0628\u0627\u0644\u0627 \u06a9\u06cc \u0645\u062d\u0628\u0648\u0628 \u0634\u062f\u061f<\/h3><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>HFT \u0632\u0645\u0627\u0646\u06cc \u0645\u062d\u0628\u0648\u0628 \u0634\u062f \u06a9\u0647 \u06a9\u0627\u0631\u06af\u0632\u0627\u0631\u06cc \u0647\u0627 \u0634\u0631\u0648\u0639 \u0628\u0647 \u0627\u0631\u0627\u0626\u0647 \u0645\u0634\u0648\u0642 \u0647\u0627\u06cc\u06cc \u0628\u0647 \u0634\u0631\u06a9\u062a \u0647\u0627 \u062f\u0631 \u0627\u0632\u0627\u06cc \u0627\u0641\u0632\u0627\u06cc\u0634 \u0646\u0642\u062f\u067e\u0630\u06cc\u0631\u06cc \u0628\u0627\u0632\u0627\u0631 \u06a9\u0631\u062f\u0646\u062f. \u0628\u0647 \u0639\u0646\u0648\u0627\u0646 \u0646\u0645\u0648\u0646\u0647\u060c \u0628\u0648\u0631\u0633 \u0627\u0648\u0631\u0627\u0642 \u0628\u0647\u0627\u062f\u0627\u0631 \u0646\u06cc\u0648\u06cc\u0648\u0631\u06a9 (NYSE) \u062f\u0627\u0631\u0627\u06cc \u06af\u0631\u0648\u0647\u06cc \u0627\u0632 \u0641\u0631\u0627\u0647\u0645 \u06a9\u0646\u0646\u062f\u06af\u0627\u0646 \u0646\u0642\u062f\u06cc\u0646\u06af\u06cc \u0628\u0647 \u0646\u0627\u0645 \u062a\u0627\u0645\u06cc\u0646 \u06a9\u0646\u0646\u062f\u06af\u0627\u0646 \u0646\u0642\u062f\u06cc\u0646\u06af\u06cc \u062a\u06a9\u0645\u06cc\u0644\u06cc (Supplemental Liquidity Providers-SLPs) \u0627\u0633\u062a \u06a9\u0647 \u062f\u0631 \u062a\u0644\u0627\u0634\u0646\u062f \u0631\u0642\u0627\u0628\u062a \u0648 \u0646\u0642\u062f\u067e\u0630\u06cc\u0631\u06cc \u0631\u0627 \u0628\u0631\u0627\u06cc \u0642\u06cc\u0645\u062a \u0647\u0627\u06cc \u0645\u0648\u062c\u0648\u062f \u062f\u0631 \u0628\u0648\u0631\u0633 \u0627\u0641\u0632\u0627\u06cc\u0634 \u062f\u0647\u0646\u062f.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1788938975768\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><h3>\u0645\u0632\u06cc\u062a \u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0641\u0631\u06a9\u0627\u0646\u0633 \u0628\u0627\u0644\u0627 \u06cc\u0627 HFT \u0686\u06cc\u0633\u062a\u061f<\/h3><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>HFT \u0646\u0642\u062f\u067e\u0630\u06cc\u0631\u06cc \u0628\u0627\u0632\u0627\u0631 \u0631\u0627 \u0627\u0641\u0632\u0627\u06cc\u0634 \u062f\u0627\u062f\u0647 \u0648 \u0627\u0633\u067e\u0631\u062f\u0647\u0627\u06cc \u062e\u0631\u06cc\u062f-\u0641\u0631\u0648\u0634 \u0631\u0627 \u06a9\u0647 \u0642\u0628\u0644\u0627\u064b \u0628\u0633\u06cc\u0627\u0631 \u06a9\u0648\u0686\u06a9 \u0628\u0648\u062f\u060c \u062d\u0630\u0641 \u06a9\u0631\u062f\u0647 \u0627\u0633\u062a. \u0627\u06cc\u0646 \u0627\u0645\u0631 \u0628\u0627 \u0627\u0636\u0627\u0641\u0647 \u06a9\u0631\u062f\u0646 \u06a9\u0627\u0631\u0645\u0632\u062f\u0647\u0627\u06cc HFT \u0645\u0648\u0631\u062f \u0622\u0632\u0645\u0627\u06cc\u0634 \u0642\u0631\u0627\u0631 \u06af\u0631\u0641\u062a \u06a9\u0647 \u0645\u0646\u062c\u0631 \u0628\u0647 \u0627\u0641\u0632\u0627\u06cc\u0634 \u0627\u0633\u067e\u0631\u062f\u0647\u0627\u06cc \u062e\u0631\u06cc\u062f- \u0641\u0631\u0648\u0634 \u0634\u062f.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1788938975769\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><h3>\u0686\u0647 \u0646\u0642\u062f\u06cc \u0628\u0647 \u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0641\u0631\u06a9\u0627\u0646\u0633 \u0628\u0627\u0644\u0627 \u0648\u0627\u0631\u062f \u0645\u06cc \u0634\u0648\u062f\u061f<\/h3><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>\u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0628\u0633\u0627\u0645\u062f \u0628\u0627\u0644\u0627 \u0628\u062d\u062b \u0628\u0631\u0627\u0646\u06af\u06cc\u0632 \u0645\u06cc \u0628\u0627\u0634\u0646\u062f \u0648 \u0628\u0627 \u0627\u0646\u062a\u0642\u0627\u062f\u0627\u062a \u062a\u0646\u062f\u06cc \u0631\u0648\u0628\u0631\u0648 \u0634\u062f\u0647 \u0627\u0646\u062f. HFT \u062c\u0627\u06cc\u06af\u0632\u06cc\u0646 \u062a\u0639\u062f\u0627\u062f\u06cc \u0627\u0632 \u0634\u0631\u06a9\u062a \u0647\u0627 \u06cc\u0627 \u0627\u0634\u062e\u0627\u0635 \u06a9\u0627\u0631\u06af\u0632\u0627\u0631-\u0645\u0639\u0627\u0645\u0644\u0647 \u06af\u0631 (Broker-Dealer) \u0634\u062f\u0647 \u0627\u0633\u062a \u0648 \u062f\u0631 \u062a\u0635\u0645\u06cc\u0645 \u06af\u06cc\u0631\u06cc \u0627\u0632 \u0645\u062f\u0644 \u0647\u0627\u06cc \u0631\u06cc\u0627\u0636\u06cc \u0648 \u0627\u0644\u06af\u0648\u0631\u06cc\u062a\u0645 \u0647\u0627 \u0627\u0633\u062a\u0641\u0627\u062f\u0647 \u06a9\u0631\u062f\u0647 \u0648 \u062a\u0635\u0645\u06cc\u0645 \u0648 \u062a\u0639\u0627\u0645\u0644 \u0627\u0646\u0633\u0627\u0646\u06cc \u0631\u0627 \u0627\u0632 \u0645\u0639\u0627\u062f\u0644\u0647 \u062e\u0627\u0631\u062c \u0645\u06cc \u06a9\u0646\u062f.n\u062a\u0635\u0645\u06cc\u0645 \u0647\u0627 \u062f\u0631 \u0686\u0646\u062f \u0645\u06cc\u0644\u06cc \u062b\u0627\u0646\u06cc\u0647 \u0627\u062a\u0641\u0627\u0642 \u0645\u06cc \u0627\u0641\u062a\u0646\u062f\u060c \u0648 \u0627\u06cc\u0646 \u0645\u06cc \u062a\u0648\u0627\u0646\u062f \u0645\u0646\u062c\u0631 \u0628\u0647 \u062d\u0631\u06a9\u0627\u062a \u0628\u0632\u0631\u06af \u0648 \u0628\u062f\u0648\u0646 \u062f\u0644\u06cc\u0644 \u062f\u0631 \u0628\u0627\u0632\u0627\u0631 \u0634\u0648\u062f. \u0628\u0647 \u0639\u0646\u0648\u0627\u0646 \u0646\u0645\u0648\u0646\u0647\u060c \u062f\u0631 \u06f6 \u0645\u06cc \u06f2\u06f0\u06f1\u06f0\u060c \u0634\u0627\u062e\u0635 \u0645\u06cc\u0627\u0646\u06af\u06cc\u0646 \u0635\u0646\u0639\u062a\u06cc \u062f\u0627\u0648\u062c\u0648\u0646\u0632 (DJIA) \u0628\u0627 \u06f1,\u06f0\u06f0\u06f0 \u0648\u0627\u062d\u062f \u06a9\u0627\u0647\u0634 \u0648 \u0627\u0641\u062a \u06f1\u06f0 \u062f\u0631\u0635\u062f\u06cc \u062f\u0631 \u0639\u0631\u0636 \u062a\u0646\u0647\u0627 \u06f2\u06f0 \u062f\u0642\u06cc\u0642\u0647 \u0648 \u0642\u0628\u0644 \u0627\u0632 \u0627\u0641\u0632\u0627\u06cc\u0634 \u0645\u062c\u062f\u062f\u060c \u0628\u06cc\u0634\u062a\u0631\u06cc\u0646 \u0627\u0641\u062a \u0631\u0648\u0632\u0627\u0646\u0647 \u062e\u0648\u062f \u0631\u0627 \u0627\u0632 \u0633\u0631 \u06af\u0630\u0631\u0627\u0646\u062f.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\r\n\t\t<div class=\"review_wrap\">\r\n\t\t\t<div id=\"review-box\" class=\"review-box review-bottom review-stars\"><h2 class=\"review-box-header the-global-title\">\u0628\u0647 \u0627\u06cc\u0646 \u0645\u0637\u0644\u0628 \u0627\u0645\u062a\u06cc\u0627\u0632 \u062f\u0647\u06cc\u062f<\/h2>\r\n\t\t\t\t<div class=\"review-summary\">\r\n\t\t\t\t\t<div class=\"review-final-score\">\r\n\t\t\t\t\t\t<span title=\"\" class=\"post-large-rate stars-large\"><span style=\"width:0%\"><\/span><\/span>\r\n\t\t\t\t\t\t\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t\r\n\t\t\t\t<div class=\"review-short-summary\">\r\n\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t\t\r\n\t\t\t<div class=\"user-rate-wrap\">\r\n\t\t\t\t<span class=\"user-rating-text\">\r\n\t\t\t\t\t<strong>\u0627\u0645\u062a\u06cc\u0627\u0632 \u062e\u0648\u0627\u0646\u0646\u062f\u06af\u0627\u0646: <\/strong>\r\n\t\t\t\t\t<span class=\"taq-score\"><\/span>\r\n\t\t\t\t\t<small>\u0627\u0648\u0644\u06cc\u0646 \u0646\u0641\u0631 \u0628\u0627\u0634\u06cc\u062f<\/small>\r\n\t\t\t\t<\/span>\r\n\r\n\t\t\t\t<div data-rate=\"0\" data-id=\"2539\" class=\"user-rate taq-user-rate-active\">\r\n\t\t\t\t\t<span class=\"user-rate-image post-large-rate stars-large\">\r\n\t\t\t\t\t\t<span style=\"width:0%\"><\/span>\r\n\t\t\t\t\t<\/span>\r\n\t\t\t\t<\/div>\r\n\r\n\t\t\t\t<div class=\"taq-clear\"><\/div>\r\n\r\n\t\t\t<\/div>\r\n\t\t<\/div>\r\n\t<\/div><style id=\"econ-pull-css\" data-no-optimize=\"1\">.entry-content p.econ-pull{margin-block:1.9em;padding:18px 22px;border-inline-start:4px solid var(--ec-gold,var(--ec-btn-gold,#ccb070));border-radius:0 var(--ec-card-radius,14px) var(--ec-card-radius,14px) 0;background:var(--ec-card-bg,rgba(10,8,48,.03));font-size:1.09em;line-height:1.95;font-weight:500;color:var(--ec-navy,#0a0830);}.entry-content p.econ-pull::before{content:\"\";display:block;inline-size:26px;block-size:3px;margin-block-end:12px;background:var(--ec-gold,var(--ec-btn-gold,#ccb070));border-radius:2px;}@media (max-width:600px){.entry-content p.econ-pull{padding:14px 16px;font-size:1.05em}}<\/style>","protected":false},"excerpt":{"rendered":"<p>\u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0641\u0631\u06a9\u0627\u0646\u0633 \u0628\u0627\u0644\u0627 (HFT): \u0646\u062d\u0648\u0647 \u06a9\u0627\u0631\u06a9\u0631\u062f \u0648 \u0645\u062b\u0627\u0644 25 \u0622\u06af\u0648\u0633\u062a 2021 \u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0641\u0631\u06a9\u0627\u0646\u0633 \u0628\u0627\u0644\u0627 (HFT) \u0686\u06cc\u0633\u062a\u061f \u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0641\u0631\u06a9\u0627\u0646\u0633 \u0628\u0627\u0644\u0627 (High-Frequency Trading) [1] \u06a9\u0647 \u0628\u0647 \u0639\u0646\u0648\u0627\u0646 HFT \u0646\u06cc\u0632 \u0634\u0646\u0627\u062e\u062a\u0647 \u0645\u06cc\u200c\u0634\u0648\u062f\u060c \u06cc\u06a9 \u0631\u0648\u0634 \u0645\u0639\u0627\u0645\u0644\u0627\u062a\u06cc \u0627\u0633\u062a \u06a9\u0647 \u0627\u0632 \u06cc\u06a9 \u0646\u0631\u0645 \u0627\u0641\u0632\u0627\u0631 \u06a9\u0627\u0645\u067e\u06cc\u0648\u062a\u0631\u06cc \u0642\u062f\u0631\u062a\u0645\u0646\u062f \u0628\u0631\u0627\u06cc \u0627\u0646\u062c\u0627\u0645 \u062a\u0639\u062f\u0627\u062f \u0632\u06cc\u0627\u062f\u06cc \u0627\u0632 \u0633\u0641\u0627\u0631\u0634\u200c\u0647\u0627 \u062f\u0631 \u06a9\u0633\u0631\u06cc \u0627\u0632 \u062b\u0627\u0646\u06cc\u0647\u060c \u0627\u0633\u062a\u0641\u0627\u062f\u0647 \u0645\u06cc\u200c\u06a9\u0646\u062f.\u0628\u0647 \u0628\u06cc\u0627\u0646 \u062f\u06cc\u06af\u0631 \u0645\u0639\u0627\u0645\u0644\u0627\u062a &hellip;<\/p>\n","protected":false},"author":3,"featured_media":2540,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[104],"tags":[93,137],"class_list":["post-2539","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-algorithmic-trading","tag-93","tag-137","ecn_content_layer-encyclopedia"],"_links":{"self":[{"href":"https:\/\/econclinic.com\/mag\/wp-json\/wp\/v2\/posts\/2539","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/econclinic.com\/mag\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/econclinic.com\/mag\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/econclinic.com\/mag\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/econclinic.com\/mag\/wp-json\/wp\/v2\/comments?post=2539"}],"version-history":[{"count":0,"href":"https:\/\/econclinic.com\/mag\/wp-json\/wp\/v2\/posts\/2539\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/econclinic.com\/mag\/wp-json\/wp\/v2\/media\/2540"}],"wp:attachment":[{"href":"https:\/\/econclinic.com\/mag\/wp-json\/wp\/v2\/media?parent=2539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/econclinic.com\/mag\/wp-json\/wp\/v2\/categories?post=2539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/econclinic.com\/mag\/wp-json\/wp\/v2\/tags?post=2539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}